randwolf

Writing to my elected representatives

January 2nd, 2005

Current Mood:

angry

If Mr. Bush were to say in plain English that his plan to solve our fiscal problems is to borrow trillions, put the money into stocks and hope for the best, everyone would denounce that plan as the height of irresponsibility.

I've skimmed it, but I think it's not the whole story. The USA has--until Reagan and Bush II--a very good history of repaying its debts; paid down most of the WWII debt, for instance. This is one reason the dollar is a reserve currency. Now, of course, matters are changing.